Energy

Oil prices fell on Thursday on speculation that Saudi Arabia and other OPEC members may boost crude output to compensate for a drop in Russian production. Brent crude was down $2.82, ...

Turkish state-owned energy importer BOTAS said on Wednesday it had raised natural gas prices for households, industry and electricity production, with the price for households raised by 30 per cent. Separately, ...

Refiners worldwide are struggling to meet global demand for diesel and gasoline, exacerbating high prices and aggravating shortages from big consumers like the United States and Brazil to smaller countries ...

Oil prices extended gains on Tuesday after the EU agreed to slash oil imports from Russia, fuelling worries of a tighter market already strained for supply amid rising demand ahead ...

Russia’s invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship ...

Oil prices rose on Monday, hitting their highest in more than two months, as traders waited to see whether the European Union would reach an agreement on banning Russian oil ...

Global liquefied natural gas (LNG) buyers and sellers are bracing for more uncertainty over Russian supplies and a murky demand outlook from Europe and top importer China in the run-up ...

The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco ...

The vision of green transition and the course Cyprus is called to follow towards it, were the topics of an address by the president of Disy, Averof Neophytou, in the ...

Exploratory drilling for natural gas in waters off Cyprus is currently underway, the government said on Monday. The well is being drilled by the Tungsten Explorer rig on behalf of ...

Oil prices gained on Monday with US fuel demand, tight supply and a slightly weaker US dollar supporting the market, as Shanghai prepares to reopen after a two-month lockdown fuelled ...

BMW (BMWG.DE) is exploring new investments in solar, geothermal and hydrogen energy to lower its dependence on natural gas, the carmaker’s production chief told Reuters on Monday, warning ...

The magnitude of the impact on the Cyprus economy from the war in Ukraine will depend on the duration of hostilities, and sanctions against Russia, Central Bank of Cyprus (CBC) ...

German big business is drafting a plan to use an auction system to help ration available supplies in the event Russia cuts off its gas, although some fear it could ...

Oil prices fell on Friday as investors worried that weakening global economic growth and tighter central bank monetary policy could curb a recovery in fuel demand. Brent futures for July ...

Russia became the fourth-largest oil supplier to India in April, with volumes set to rise further in coming months as low prices spur demand from the world’s No. 3 oil ...

Italian energy group Eni (ENI.MI) will open bank accounts this week to pay for Russian gas after clarification that such a move will not breach sanctions, two sources said ...

Russian oil and gas condensate average output has increased by around 1.7 per cent month on month to 1.4 million tonnes per day (10.25 million barrels per day) in the first half of ...

The West has imposed an unprecedented package of sanctions on Russia, its top companies and its business and political elite in response to Moscow’s invasion of Ukraine. The measures ...

OPEC on Thursday cut its forecast for growth in world oil demand in 2022 for a second straight month, citing the impact of Russia’s invasion of Ukraine, rising inflation and ...

Finance Minister Constantinos Petrides on Thursday defended the government’s actions to deal with the recent rise in consumer prices, saying that the measures that have been taken so far ...

Vodafone (VOD.L) and British Gas owner Centrica (CNA.L) have signed a deal to buy electricity from Greece-based energy company Mytilineos from the three solar farms under construction in ...

Russian gas producer Gazprom (GAZP.MM) said it continues shipping gas to Europe via Ukraine with volumes on Wednesday seen at 72 million cubic metres (mcm), down from 95.8 mcm on Tuesday. ...

German officials are quietly preparing for any sudden halt in Russian gas supplies with an emergency package that could include taking control of critical firms, three people familiar with the ...